Is Ozone Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ozone Park has remained a Buyer's Market.
Housing Prices in Ozone Park, NY
How much do homes in Ozone Park, NY cost?
Median Sold Price
$720,000
$471/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ozone Park was $720,000 in May 2024, down 7.1% from last year, and the median price per square foot was $471.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292.5K | $317.5K | +8.5% |
2 Bedrooms | $540K | $580K | +7.4% |
3 Bedrooms | $695K | $675K | -2.9% |
4 Bedrooms | $815K | $775K | -4.9% |
5+ Bedrooms | $975K | $1.0M | +5.6% |
Summary: Ozone Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Neighborhoods
Woodhaven | $710K | $721.5K | +1.6% |
South Ozone Park | $697K | $700K | 0.4% |
Southwestern Queens | $714.1K | $690K | -3.4% |
Ozone Park | $775K | $720K | -7.1% |
Richmond Hill | $770K | $705K | -8.4% |
Housing Supply in Ozone Park, NY
How many homes are available in Ozone Park, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
138 | 150 | +8.7% |
Summary: The Ozone Park real estate market had 150 homes for sale in May 2024, a 8.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 58 | 60 | +3.4% |
4 Bedrooms | 24 | 28 | +16.7% |
5+ Bedrooms | 45 | 48 | +6.7% |
Summary: The Ozone Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Ozone Park in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Ozone Park, NY
How long does it take to sell a home in Ozone Park, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
140 Days | 57 Days | -59.3% |
Summary: Homes in Ozone Park had an average of 57 days on market in May 2024, down by 59.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Ozone Park; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.